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UPDATE 1-Werner quarterly profit boosted by improving freight market

(Adds quarterly revenue and other financial details)

Oct 19 (Reuters) - Werner Enterprises Inc reported a higher quarterly net profit on Thursday, driven by a "meaningfully better" freight environment than in the year-ago period, but fell a penny short of analyst expectations and also missed on revenue.

The catastrophic hurricanes that hit Florida and Texas in August and September resulted in short-term costs for the company but also boosted freight rates due to tighter capacity.

The company said it expects freight metrics to continue improving in the future, as "we have increasing confidence that contractual rates will strengthen over the next few quarters."

The Omaha, Nebraska-based trucking company posted third-quarter net income of $22.5 million, or 31 cents per share, up from $18.9 million, or 26 cents per share a year earlier. Wall Street analysts on average expected earnings per share of 32 cents.

Werner also missed expectations on revenue, which rose to $528.6 million from $508.7 million a year ago. Analysts on average expected revenue of $532.7 million. (Reporting by Eric M. Johnson in Seattle; Editing by Matthew Lewis)